Important U.S. Pipeline Is Back in Business
Jan 11th 2013 4:00PM
Updated Jan 11th 2013 5:05PM
A 50/50 joint venture between Enbridge and Enterprise Product Partners , named Seaway Crude Oil Pipeline Co., is back in business after being temporarily shut down on Jan. 2. This important reversal now will allow the transporting of crude oil from the backed-up Cushing, Okla., terminal to the Gulf Coast refineries. Along with this capacity increase, Enbridge announced several other billion-dollar expansion plans late in 2012. To find out where they will be located and what their capacities will be, check out the video below featuring Motley Fool energy and materials analyst, Taylor Muckerman.
The growing production of natural gas from hydraulic fracturing and horizontal drilling is flooding the North American market and resulting in record-low prices for natural gas. Enterprise Products Partners, with its superior integrated asset base, can profit from the massive bottlenecks in takeaway capacity by taking on large-scale projects. To help investors decide whether Enterprise Products Partners is a buy or a sell today, click here now to check out The Motley Fool's brand new premium research report on the company.
The article Important U.S. Pipeline Is Back in Business originally appeared on Fool.com.Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Enterprise Products Partners L.P. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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